Biggest Globe union rejects deal - Portland Business Journal:

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“We regret having to take this but have no financially viable alternative,” Globe management said in a statementg issued after the 277-to-265 vote by members of the . To take the unliteralo step underlabor law, the Times Co. declared an impasse in negotiations. In his own statement also issued after the Guild local President Daniel Totten said the unionnis “committed to resumingb good-faith negotiations with the New York Times Companhy and Globe management to reach an Times and Globe management “must do better,” he The cuts proposed by management were part of $20 milliom in cost-savings demand by the Times Co. for the Globe, whicj it bought in 1993 for $1.
1 billion. Timea executives have said the papee is losingabout $1 millioh per week on operations. At one point earlie this year, Times managers said they woulsd shutter the paper if unable to achieve Other major unions agreed to concessionz inrecent weeks.